National Pension Service Sells 8,360 Shares of Gartner, Inc. (NYSE:IT)

National Pension Service lowered its stake in Gartner, Inc. (NYSE:IT) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 104,259 shares of the information technology services provider’s stock after selling 8,360 shares during the period. National Pension Service’s holdings in Gartner were worth $50,510,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of IT. JFG Wealth Management LLC acquired a new position in shares of Gartner during the 4th quarter worth approximately $322,000. MorganRosel Wealth Management LLC raised its stake in shares of Gartner by 18.7% during the fourth quarter. MorganRosel Wealth Management LLC now owns 2,056 shares of the information technology services provider’s stock valued at $996,000 after acquiring an additional 324 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Gartner by 2.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 47,863 shares of the information technology services provider’s stock valued at $23,188,000 after acquiring an additional 1,162 shares during the last quarter. Fairhaven Wealth Management LLC raised its stake in shares of Gartner by 2.7% during the fourth quarter. Fairhaven Wealth Management LLC now owns 2,056 shares of the information technology services provider’s stock valued at $996,000 after acquiring an additional 55 shares during the last quarter. Finally, Quartz Partners LLC raised its stake in shares of Gartner by 8.2% during the fourth quarter. Quartz Partners LLC now owns 4,629 shares of the information technology services provider’s stock valued at $2,243,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,479 shares of company stock worth $734,419 over the last quarter. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

IT opened at $491.38 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $37.75 billion, a P/E ratio of 30.65, a P/E/G ratio of 3.30 and a beta of 1.34. The company’s 50-day simple moving average is $509.78 and its two-hundred day simple moving average is $509.80. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $552.63.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.